| Re: Property Loss [message #390723] |
Di, 30 Mai 2006 17:27 |
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"Miss L. Toe" <missltoemissltoe [at] hotmail.com> wrote in message
news:447c5b26$0$16365$892e7fe2 [at] authen.yellow.readfreenews.net...
>
> "sks" <sks [at] privacy.me> wrote in message
> news:TPSdnfvK9N9nyuHZRVnyqQ [at] eclipse.net.uk...
>> I bought a property with a view to development but I've had to sell it at
> a
>> loss of 7K. Can I use that against my income tax bill at all ? Obviously
> my
>> acccountant will sort it out when he does my self assessment but really
> I'm
>> just curious so I can sleep a little better tonight :)
>>
>>
>
> My guess is no, but you should be able to use it to offset Capital Gains
> Tax.
I don't do anything subject to CGT :(
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| Re: Property Loss [message #390728 ] |
Di, 30 Mai 2006 19:14 |
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"sks" <sks [at] privacy.me> wrote in message
news:juednYe094Lu-eHZRVny1A [at] eclipse.net.uk...
<
>> My guess is no, but you should be able to use it to offset Capital Gains
>> Tax.
>
> I don't do anything subject to CGT :(
You could renovate a property... ohh.
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